Arkansas Code Title 24, Chapter 6, Subchapter 3 - Deferred Option Plan

• § 24-6-301 - Election to Participate.
  In lieu of terminating employment and accepting a service retirement pension, any state police officer who is a member of Tier I of the...
• § 24-6-302 - Credited Service.
  For purposes of this subchapter, credited service shall include service credit recognized pursuant to § 24-6-201(13).
• § 24-6-303 - Contributions.
  (a) When a member begins participation in the Arkansas State Police Officers Deferred Option Plan, the employer contributions shall continue to be paid.(b) State...
• § 24-6-304 - Benefits -- Rate of Return.
  (a) The member's monthly retirement benefit shall not change unless the Arkansas State Police Officers Deferred Option Plan receives a benefit increase.(b) (1) A...
• § 24-6-305 - Method of Collection.
  A participant in the Arkansas State Police Officers Deferred Option Plan shall receive, at the option of the participant, a lump-sum payment from the...
• § 24-6-306 - Duration.
  (a) The duration of participation in the Arkansas State Police Officers Deferred Option Plan for active state police officers shall not exceed seven (7)...
• § 24-6-307 - Death of Participant.
  If the participant dies during the period of participation in the Arkansas State Police Officers Deferred Option Plan, a lump-sum payment equal to the...

Last modified: November 15, 2016